Cato Fashions Accelerates Store Closures as Discretionary Spending Weakens

By Michael Grothaus · Fast Company · 2026-09-25

The Cato Corporation is significantly increasing its planned footprint reduction, targeting 120 store closures by the end of the current fiscal year. Fast Company reports that this decision follows a sharp decline in quarterly net income, which plummeted from $6.8 million to just

The Cato Corporation is significantly increasing its planned footprint reduction, targeting 120 store closures by the end of the current fiscal year. Fast Company reports that this decision follows a sharp decline in quarterly net income, which plummeted from $6.8 million to just